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Head of Tinkoff Bank called cryptocurrencies as “utopia”

Head of Tinkoff Bank

Tinkoff Bank

Chairman of Tinkoff Bank Oliver Hughes said that cryptocurrencies - utopia. This statement was made by the British financier at the conference Russian Interactive Week in 2016, according to RNS.

"This is a noble idea, but it is a utopia," - said Hughes.

At the same time the need for national currencies, he said, is to reflect public policy.

Speaking about prospects for cryptocurrency spread, Oliver Hughes also drew the analogy with the enthusiasm of Esperanto language. It was assumed that Esperanto would become a universal international language, that did not happen, noted the head of Tinkoff Bank

Recall not so long ago, founder and chairman of the board of Tinkoff Bank Oleg Tinkoff said he did not believe in finteh start-ups, and that in many ways they could be called bubbles.

At the same time, as it was emphasized by Tinkoff, from studying of blockchain technologies that involve many finteh start-ups, his bank not only refused, but also actively engaged in it.

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